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Home Ethereum

Donald Trump crypto holdings grow by $1.6 mln following election win

November 27, 2024
in Ethereum
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Donald Trump crypto holdings grow by $1.6 mln following election win
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  • Donald Trump’s crypto portfolio surged $1.6M, driven by Ethereum’s 38% monthly rally.
  • Justin Sun invested $30M in Trump’s blockchain-focused DeFi project, World Liberty Financial.

Donald Trump’s recent presidential victory has sparked a notable reaction across financial markets, particularly within the cryptocurrency sector.

Trump’s crypto holding surge

Following his election win on the 5th of November, data from market intelligence firm Arkham Intel indicated substantial growth in Trump’s crypto portfolio.

This surge aligned with a broader rally in cryptocurrency prices, reflecting a market uptrend fueled by renewed investor optimism and policy speculation in the wake of his triumph.

Interestingly, while Bitcoin [BTC] has been a focal point of Donald Trump’s presidential campaign, Ethereum [ETH] emerged as a standout in his crypto portfolio.

Holding nearly 496 ETH coins, Trump has benefited from Ethereum’s impressive performance, with the asset surging by 38% over the last 30 days.

This notable gain highlights Ethereum’s resilience and growing appeal, even as Bitcoin dominates the broader narrative.

Analysts weigh in

Remarking on the same, crypto analyst Michael van de Poppe noted, 

“A massive bullish divergence on $ETH. What is the primary reason it’s outperforming everything today? The Yields on Government Bonds are dropping massively. The $ETH bull market has started.” 

Michaël van de Poppe

Source: Michaël van de Poppe/X

Van de Poppe emphasized that the current volatility in yield markets could play a pivotal role in shaping Ethereum’s future price movements.

As Labor Market Week draws near, he suggested that weak economic data could prompt the Federal Reserve to consider additional rate cuts.

This potential easing of monetary policy would likely drive yields lower, creating a favorable environment for ETH’s price to climb further.

See also  Will Ethereum bring about the next wave of crypto spot ETFs?

Well, Poppe was not the only one sharing this insight and hence, echoing his sentiment, another analyst, Jesse Olson added, 

“The ones who think #Ethereum is a dead coin may be proved wrong in the near future.$ETH vs $BTC dominance has bullish divergence, a pending buy signal & a pending MACD bullish crossover.” 

Jesse Olson on ETH

Source: Jesse Olson/X

These recent market shifts have propelled the value of Trump’s cryptocurrency portfolio upward by approximately $1.6 million in just 24 hours.

This sharp increase highlights the growing optimism among investors, particularly regarding Ethereum and other digital assets within his holdings, as they benefit from the prevailing bullish sentiment in the crypto market.

How is the TRON founder involved?

Another notable aspect of Trump’s crypto portfolio involves a significant investment by Justin Sun, founder of TRON, who has invested $30 million in Trump’s DeFi project, World Liberty Financial (WLF), supporting his vision of a blockchain-driven U.S. economy.

Interestingly, the WLF token sale is predominantly targeted at offshore investors, with only $30 million worth of tokens allocated to the U.S. market.

Once this cap is reached, the U.S. offering will close, leaving a substantial portion of the tokens reserved for international buyers.

Bitcoin and Ethereum price action  

Bitcoin, which recently flirted with the $100K milestone, has slipped over 5% in the past 24 hours, trading at $92,231.02 at press time.

Similarly, Ethereum has followed a bearish trend, dropping over 4% to $3,322.73 as per CoinMarketCap.

Next: Thena crypto’s Binance listing: What’s next for THE after soaring 543%?

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

  • Donald Trump’s crypto portfolio surged $1.6M, driven by Ethereum’s 38% monthly rally.
  • Justin Sun invested $30M in Trump’s blockchain-focused DeFi project, World Liberty Financial.

Donald Trump’s recent presidential victory has sparked a notable reaction across financial markets, particularly within the cryptocurrency sector.

See also  Crypto Analysts Reveal Catalyst That Will Drive Price Above $3,500

Trump’s crypto holding surge

Following his election win on the 5th of November, data from market intelligence firm Arkham Intel indicated substantial growth in Trump’s crypto portfolio.

This surge aligned with a broader rally in cryptocurrency prices, reflecting a market uptrend fueled by renewed investor optimism and policy speculation in the wake of his triumph.

Interestingly, while Bitcoin [BTC] has been a focal point of Donald Trump’s presidential campaign, Ethereum [ETH] emerged as a standout in his crypto portfolio.

Holding nearly 496 ETH coins, Trump has benefited from Ethereum’s impressive performance, with the asset surging by 38% over the last 30 days.

This notable gain highlights Ethereum’s resilience and growing appeal, even as Bitcoin dominates the broader narrative.

Analysts weigh in

Remarking on the same, crypto analyst Michael van de Poppe noted, 

“A massive bullish divergence on $ETH. What is the primary reason it’s outperforming everything today? The Yields on Government Bonds are dropping massively. The $ETH bull market has started.” 

Michaël van de Poppe

Source: Michaël van de Poppe/X

Van de Poppe emphasized that the current volatility in yield markets could play a pivotal role in shaping Ethereum’s future price movements.

As Labor Market Week draws near, he suggested that weak economic data could prompt the Federal Reserve to consider additional rate cuts.

This potential easing of monetary policy would likely drive yields lower, creating a favorable environment for ETH’s price to climb further.

Well, Poppe was not the only one sharing this insight and hence, echoing his sentiment, another analyst, Jesse Olson added, 

“The ones who think #Ethereum is a dead coin may be proved wrong in the near future.$ETH vs $BTC dominance has bullish divergence, a pending buy signal & a pending MACD bullish crossover.” 

Jesse Olson on ETH

Source: Jesse Olson/X

These recent market shifts have propelled the value of Trump’s cryptocurrency portfolio upward by approximately $1.6 million in just 24 hours.

See also  NFT Bulls Back In Game As Magic Eden Hits $50 Mln Daily Sales

This sharp increase highlights the growing optimism among investors, particularly regarding Ethereum and other digital assets within his holdings, as they benefit from the prevailing bullish sentiment in the crypto market.

How is the TRON founder involved?

Another notable aspect of Trump’s crypto portfolio involves a significant investment by Justin Sun, founder of TRON, who has invested $30 million in Trump’s DeFi project, World Liberty Financial (WLF), supporting his vision of a blockchain-driven U.S. economy.

Interestingly, the WLF token sale is predominantly targeted at offshore investors, with only $30 million worth of tokens allocated to the U.S. market.

Once this cap is reached, the U.S. offering will close, leaving a substantial portion of the tokens reserved for international buyers.

Bitcoin and Ethereum price action  

Bitcoin, which recently flirted with the $100K milestone, has slipped over 5% in the past 24 hours, trading at $92,231.02 at press time.

Similarly, Ethereum has followed a bearish trend, dropping over 4% to $3,322.73 as per CoinMarketCap.

Next: Thena crypto’s Binance listing: What’s next for THE after soaring 543%?
Tags: CryptoDonaldElectionGrowholdingsmlnTrumpWin

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Comments 33

  1. FurrMit says:
    9 months ago

    Bilanciatrice Portatile Balanset-1A
    La balanza de los rotores es un proceso crucial en la industria para garantizar el correcto funcionamiento de las máquinas rotativas. Uno de los dispositivos más avanzados en este campo es el Balanset-1A de Vibromera, que permite llevar a cabo un diagnóstico y control de vibraciones en aplicaciones industriales. Este artículo detalla los pasos clave para equilibrar rotores utilizando este innovador equipo, así como la importancia de los métodos de diagnóstico de vibraciones.

    Preparación del equipo

    El primer paso en el proceso de balanceo es preparar adecuadamente el equipo. Esto implica instalar sensores de vibración de manera perpendicular al eje de rotación del rotor. Además, se debe fijar un tacómetro láser en un soporte magnético, asegurándose de que esté dirigido hacia una cinta reflectante adherida a la polea. Conectar los sensores al dispositivo y conectar el Balanset-1A a un ordenador portátil mediante USB es esencial para el funcionamiento del software.

    Medición inicial de vibraciones

    Antes de iniciar el proceso de balanceo, es fundamental pesar un peso de prueba y registrar su peso y el radio de instalación. Luego, se activa el rotor para medir el nivel inicial de vibración, lo que permitirá determinar la amplitud y fase del desbalance inicial.

    Medición inicial de vibraciones

    Balanceo en la primera plano

    Después de obtener las mediciones iniciales, se coloca el peso de prueba en el primer plano de balanceo, correspondiente a la ubicación del primer sensor. Al reiniciar el rotor, se mide nuevamente el nivel de vibración. Es crucial que la amplitud o fase cambien al menos un 20%, lo cual indica que el desbalance ha sido corregido parcialmente.

    Balanceo en la primera plano

    Balanceo en la segunda plano

    A continuación, se traslada el peso de prueba al segundo plano (donde se ha instalado el segundo sensor) y se repite el proceso de medición. Los datos obtenidos permitirán que el programa calcule la ubicación y el peso exacto de los pesos correctivos necesarios.

    Balanceo en la segunda plano

    Corrección del desbalance

    Basándose en la información recopilada, el software Balanset-1A sugerirá los pesos correctivos y los ángulos de instalación adecuados para ambas planos. Se retira el peso de prueba y se preparan los pesos correctivos conforme a las recomendaciones del programa, instalándolos en el ángulo correcto en la dirección de rotación del rotor desde la posición inicial del peso de prueba.

    Corrección del desbalance

    Instalación de pesos correctivos

    Verificación y finalización del balanceo

    Finalmente, se reinicia el rotor para llevar a cabo la verificación final del balanceo. Si el nivel de vibración ha disminuido a un nivel aceptable, el proceso se considera completado. En caso de que se requiera una corrección adicional, el programa indicará dónde y cuánto peso adicional se debe instalar.

    Conclusión

    El Balanset-1A es una herramienta indispensable para el equilibrio de rotores en diversas aplicaciones industriales. Su capacidad para realizar diagnósticos de vibraciones y su método de balanceo en uno o dos planos garantiza un rendimiento óptimo de las máquinas rotativas, minimizando el desgaste y aumentando la eficiencia operativa.

    Este dispositivo es ideal para una variedad de rotors, incluyendo los usados en motores eléctricos, generadores, compresores, bombas, y más, proporcionando un enfoque sistemático y efectivo para el balanceo y control de vibraciones.

    Instagram: https://www.instagram.com/vibromera_ou/
    Youtube : https://youtu.be/qDftnMcy4ME?si=NLx40G4rS00mkwHZ

    Compra su Amazon: bilanciamento di volanti La nostra pagina su analisi delle vibrazioni

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